Yup. No one likes to fail, especially if they were actually close. And a lot of folks, including employees, will suffer due to lack of other options.

My guess is it will likely be especially harsh because of the length of time this has been going on in tech. We’ve been doing so much stuff with dubious economic value for so long, we barely even notice it anymore.

But there is also a ton of value being produced (in real life), so it’s not like tech overall is going nowhere.